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Essential Quantitative Skills for

Business

Module (4)
Describing Data Using Basic
Descriptive Statistics

By : ALI ADEL ALI ALI IBRAHIM

Basic Statistics
Problem#1:
Apply basic statistics methods on these
numbers
1. 15, 18, 21, 22, 26, 28, 31, 39 (Population)
2. 145, 136, 198, 115, 128, 154 (Sample)

Basic Statistics
Solution#1:

Mean-25
Median-24
Sum of squares-411
Variance-51.375
Standard deviation-7.16
----------- Mean-146.33
Median-140.5
Sum of squares-4189
Variance-837.88
Standard Deviation-28.95

Social problem case


Problem#2:
A researcher is studying reaction times. She
believes that 6% of scores farthest from the
mean are due to error. The mean reaction
time is 6 and the standard deviation is 3.
What are the highest and lowest reaction
times that will be eliminated?

Basic Statistics
Solution#2:

High- 6.564, low- 5.436

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